Reply
Established Member
Posts: 23
Registered: ‎07-09-2012
0

First Fico Score Questions

Hey guys, I opened up my first EVER credit card on May 1st, I've had no other credit history besides a few inquiries before this, no lates, no other trade lines what so ever, so the beginning of my credit life was on May 1st, right?

 

I've read, that once you open your first trade line, it takes 6 months before it reports and you are given a FICO score, is this true? Question 1.

 

Will that 6 months (or other time frame) be from the date I opened the card (May 1st), or 6 months after my first statement (June 13th)? Question 2.

 

Other info that may help answer my question,

My card is a Capital One Secured with a 1,000 dollar limit, I've never been late and have no other possible negatives.

 

Your help is greatly appreciated, thank you.

 

Begin building credit with a clean slate 5/1/12!

Cards
Capital One Secured $400 limit
BOFA Secured $300 limit
PSECU Visa $2000 limit
Highlighted
Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: First Fico Score Questions

6 months of reporting of the new TL is the usual rule.  Sometimes a little earlier.  

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Posts: 760
Registered: ‎02-11-2012
0

Re: First Fico Score Questions

It will begin reporting soon, usually after the first statement. However, some cc companies report when a new trade line is opened or becomes active. It will take about six months before the system can generate you a FICO Score if you do not have enough file information at this time.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.